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<table width="100%" summary="page for Hedonic"><tr><td>Hedonic</td><td align="right">R Documentation</td></tr></table>

<h2>Hedonic Prices of Census Tracts in the Boston Area</h2>

<h3>Description</h3>


<p>A cross-section
</p>
<p><EM>number of observations</EM> :  506
</p>
<p><EM>observation</EM> :  regional
</p>
<p><EM>country</EM> :  United States
</p>


<h3>Usage</h3>

<pre>data(Hedonic)</pre>


<h3>Format</h3>

<p>A dataframe containing:
</p>

<dl>
<dt>mv</dt><dd><p>median value of owner&ndash;occupied homes</p>
</dd>
<dt>crim</dt><dd><p>crime rate</p>
</dd>
<dt>zn</dt><dd><p>proportion of 25,000 square feet residential lots</p>
</dd>
<dt>indus</dt><dd><p>proportion of nonretail business acres</p>
</dd>
<dt>chas</dt><dd><p>is the tract bounds the Charles River ?</p>
</dd>
<dt>nox</dt><dd><p>annual average nitrogen oxide concentration in parts per hundred million</p>
</dd>
<dt>rm</dt><dd><p>average number of rooms</p>
</dd>
<dt>age</dt><dd><p>proportion of owner units built prior to 1940</p>
</dd>
<dt>dis</dt><dd><p>weighted distances to five employment centers in the Boston area</p>
</dd>
<dt>rad</dt><dd><p>index of accessibility to radial highways</p>
</dd>
<dt>tax</dt><dd><p>full value property tax rate (\$/\$10,000)</p>
</dd>
<dt>ptratio</dt><dd><p>pupil/teacher ratio</p>
</dd>
<dt>blacks</dt><dd><p>proportion of blacks in the population</p>
</dd>
<dt>lstat</dt><dd><p>proportion of population that is lower status</p>
</dd>
<dt>townid</dt><dd><p>town identifier</p>
</dd>
</dl>



<h3>Source</h3>


<p>Online complements to Baltagi (2001).
</p>
<p><a href="http://www.wiley.com/legacy/wileychi/baltagi/">http://www.wiley.com/legacy/wileychi/baltagi/</a>.
</p>


<h3>References</h3>


<p>Baltagi, Badi H. (2001): <EM>Econometric Analysis of Panel Data</EM>, 2nd ed., John Wiley and Sons.
</p>
<p>Belsley, D.A.,  E. Kuh and  R. E. Welsch (1980): <EM>Regression Diagnostics: Identifying Influencial Data and Sources of Collinearity</EM>, John Wiley, New York.
</p>
<p>Harrison, D. and  D.L. Rubinfeld (1978): &ldquo;Hedonic housing prices and the demand for clean air&rdquo;, <EM>Journal of Environmental Economics and Management</EM>, <B>5</B>, 81&ndash;102.
</p>


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